PVTrans Releases 2025 Sustainability Report Marking Technological Breakthroughs Towards Green Future
Hanoi, June 15, 2025 - PetroVietnam Transportation Corporation (PVTrans, stock code: PVTR) officially released its 2025 Sustainability Report, marking a significant milestone as this is the second consecutive year the corporation has published a standalone sustainability report.
This event reaffirms PVTrans's strong commitment to enhancing transparency in business operations and sustainability initiatives, while demonstrating the company's responsibility in contributing to Vietnam's sustainable economic and social development.
Journey Towards Sustainable Value Creation
Mr. Nguyen Van Hung, Chairman of the Board of Directors at PVTrans, stated: "The publication of the 2025 Sustainability Report is not only our obligation to stakeholders but also a guiding principle for our development strategy. PVTrans is progressively creating sustainable value through three main pillars: improving governance efficiency, promoting business growth in harmony with the environment, and accompanying the development of people and communities."
This year's report was developed based on the principles of GRI (Global Reporting Initiative) and complies with international standards for sustainability reporting, ensuring transparency, objectivity, and verifiability.
Outstanding Achievements in 2025
2025 marked numerous significant achievements in PVTrans's sustainability journey:
- Achieved a 15% reduction in CO2 emissions compared to 2024 through the application of new fuel-saving technologies
- Completed 100% training on occupational safety and environmental protection for all employees
- Increased the proportion of renewable energy usage in maritime transportation operations by 20%
- Obtained ISO 14001:2015 environmental management certification for the entire fleet
- Successfully implemented 12 community support projects with total funding exceeding 20 billion VND
Key Initiatives
In 2025, PVTrans implemented several breakthrough initiatives:
1. Fleet Conversion to Clean Fuels Project
This is a key project for PVTrans with total investment of 1,200 billion VND, aiming to modernize 20 vessels using emission reduction technology and convert 5 vessels to use LNG (Liquefied Natural Gas). The project is expected to reduce emissions by 30% by 2027.
2. Smart Operation Management System
Applying IoT and AI technologies to fleet management, optimizing routes, reducing fuel consumption, and increasing operational efficiency. This system helps save an estimated 8% in annual fuel costs.
3. "Greening the Supply Chain" Program
Partnering with suppliers to build a sustainable supply chain, reduce plastic waste, and use recycled packaging. The program has helped reduce plastic waste by 40% in cargo transportation activities.
Future Development Plans
To continue its sustainability journey, PVTrans has set strategic goals for the 2026-2030 period:
- Reduce CO2 emissions by 40% compared to 2025
- Achieve 30% renewable energy in total energy consumption
- Complete conversion of 50% of the fleet to clean fuels
- Establish a training center for technicians specializing in clean energy and green transportation
- Expand community programs to 20 provinces across Vietnam
Summary of Key Sustainability Indicators for 2025
| Indicator | Target | Achievement | Completion Rate |
|---|---|---|---|
| CO2 Emissions (tons) | Reduce 10% | Reduce 15% | 150% |
| Renewable Energy Usage (%) | 15% | 20% | 133% |
| Employee Training on Safety & Environment (%) | 95% | 100% | 105% |
| Investment in Sustainability (billion VND) | 1,500 | 1,650 | 110% |
| Number of Community Projects | 10 | 12 | 120% |
Sustainability Progress Comparison: 2024-2025
| Indicator | 2024 | 2025 | Change |
|---|---|---|---|
| CO2 Emissions (tons) | 500,000 | 425,000 | -15% |
| Renewable Energy Usage (%) | 12% | 20% | +8% |
| Waste Recycling Rate (%) | 35% | 55% | +20% |
| Employee Training Hours | 120,000 | 150,000 | +25% |
| Women in Mid-level Management (%) | 22% | 28% | +6% |
Conclusion
PVTrans's 2025 Sustainability Report is not just a summary of achievements but also a strong commitment to a sustainable future. In the context of global energy transition and green economic trends, PVTrans identifies sustainable development as a core element to enhance competitiveness and build a responsible corporate brand.
The continuous improvement and transparent disclosure of sustainability indicators show that PVTrans is on the right track to become a leading enterprise in green petroleum transportation in Vietnam and the region.
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